Is It Time To Buy The Tech Sector?

If you look at the graphs you will see that the tech sector has suffered more than any other main stock class over the last few months. We know it is simply a case of investors becoming more risk averse which has impacted the premium ratings tech stocks have enjoyed of late. The main question - is it time to start buying back into tech stocks?

I am holding off for the moment as I dont believe we are quite over the worst yet. Only a few weeks ago the Fed had pencilled in an array of interest rate rises but now they suggest interest rates are in a "neutral" position. What has changed?

If I had some free cash I would be tempted increase my tech sector holdings by selling cash-covered puts with an eye toward acquiring my choices at a lower cost. Either outcome--income or ownership--works. But as "free cash" is not in my wheelhouse at the moment, I haven't done the research. I am standing pat with $CSCO, $INTC, $T and $VZ while reinvesting dividends.